754-248-8979
2221 NW 58th Ave, Lauderhill, FL for Sale
Apartments - FOR SALE
1/40
null | 6.51% Cap Rate

2221 NW 58th Ave
Lauderhill, FL 33313


HIGHLIGHTS

  • 44-Unit Multifamily Asset — Established apartment community offering a diversified unit mix of 8 one-bedroom/one-bathroom and 36 two-bedroom/one bath
  • 100% Occupied : Fully leased property provides stabilized in-place occupancy and immediate rental income.
  • Strong Two-Bedroom Concentration , Approximately 82% of the units are two-bedroom apartments, catering to a broad renter demographic
  • Recent Capital Improvements: Ownership has invested in impact windows, electrical upgrades, and other capital expenditures, reducing near-term capital
  • Value-Add Potential: An investor may have opportunities to optimize rents, improve operating efficiencies, and enhance the property's overall income
  • Attractive Basis for Multifamily Investors:The combination of 44 units, full occupancy, multifamily zoning, substantial land area,& recent improvement

OVERVIEW

Coldwell Banker Commercial Realty is pleased to announce the availability of Enclave Hills Apartments, located at 2221 NW 58th Ave, Lauderhill, FL 33313. The property is situated on approximately 66,998 square feet of land and is zoned RM-22, providing a multifamily residential designation within the City of Lauderhill. The asset consists of 44 multifamily units, offering an attractive mix of eight (8) 1-bedroom/1-bathroom units, twenty (20) 2-bedroom/1-bathroom units, and sixteen (16) 2-bedroom/1-bathroom and half bathroom units. The property is currently 100% occupied, with one unit leased through the Section 8 Housing Choice Voucher Program, providing an element of government-supported rental income. The ownership has invested in several capital improvements to the property, including impact windows, electrical upgrades, and other capital expenditures, helping enhance the asset's overall condition and long-term functionality. With a strong concentration of two-bedroom units, full occupancy, a desirable multifamily zoning designation, and recent capital improvements, Enclave Hills Apartments presents an opportunity for an investor seeking an established multifamily asset in Lauderhill's Broward County market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

44

CAP RATE

6.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Enclave Hills Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

RM-22

APN/PARCEL ID

49-41-26-11-0190

ASK ABOUT THIS PROPERTY

Elvis A Amor PA MSIREColdwell Banker Commercial RealtyMore Info
754-248-8979

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Elvis A Amor PA MSIREColdwell Banker Commercial RealtyMore Info
754-248-8979

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.